The overnight indexed swap, conducted on Monday, marked a positive start for creating liquidity for market participants in using the Thor reference rate, assistant governor Vachira Arromdee said in a statement.
BANGKOK: Thailand has started using a new overnight repurchase rate (Thor) after a transaction between Kasikornbank and CIMB Thai Bank, the central bank said yesterday.
The overnight indexed swap, conducted on Monday, marked a positive start for creating liquidity for market participants in using the Thor reference rate, assistant governor Vachira Arromdee said in a statement.
Separately, Kasikornbank said in the statement that the transaction was a critical first step to set the stage for new markets for Thor-linked derivatives and cash products.
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